Cryptocurrency Analysis and News Portal
Speaking at the FT Digital Asset Summit, David Raw, FCA co-director of consumer and retail policy, said that while the U.K. Treasury was enamored with “the exciting opportunities" of attracting crypto firms, his agency was focused on the risks. "I think perhaps traditionally or perhaps a little too much the
Read More
Victoria McLoughlin, who has worked more than 11 years at the Financial Conduct Authority, is temporarily heading the digital assets department of the United Kingdom’s financial watchdog.According to a Tuesday post on LinkedIn, McLoughlin assumed the position of interim head of the department of the regulator’s digital assets unit in
Read More
McLoughlin started her new position earlier this month, her profile shows. For the past two years she has been the financial-services regulator's supervision manager of crypto assets and digital markets. Prior to a one-year break, she had been at the FCA for more than nine years. Original Source
Read More
The number of firms permitted to offer crypto services to U.K. residents under temporary registration status from the Financial Conduct Authority has dropped from 12 to five. According to a Thursday update to its list of "Cryptoasset firms with Temporary Registration," the United Kingdom’s financial regulator named CEX.IO, Revolut, Copper, Globalblock
Read More
The extra staff will help the regulator strengthen its efforts to crack down on companies that fail to meet standards. Source
Read More
“Tiger, and presumably some of the other investors, had wanted to make the closing process tied to the FCA approval,” one of the people said. “So some combination of downsizings, or pulling out of the round happened with the investor consortium.” Original Source
Read More
The U.K.'s Financial Conduct Authority has pushed back its March 31 deadline for select crypto firms to attain full registration. Source
Read More
The FCA is looking to build a crypto team that can manage and regulate the industry. Original Source
Read More
Financial Conduct Authority (FCA), United Kingdom’s central financial regulator, has issued a damning verdict on the presence of Bitcoin (BTC) ATMs within the island country.In what has come as a surprise to many within the industry, the U.K. authority has issued a stern “shut down or face further action“ order
Read More
The watchdog has warned that any crypto ATMs operating in the country are illegal and must be shut down. Original Source
Read More